THE PUTNAM FOUNDATION DBA TIMKEN MUSEUM OF ART (EIN 956037070) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

MEGAN POGUE

Phone

6192395548

Tax Period

2024-04-01 to 2025-03-31

THE PUTNAM FOUNDATION DBA TIMKEN MUSEUM OF ART, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Net assets of $56.4M represent 248 months of operating reserves.

Mission

The Putnam Foundation is a non-profit organization whose primary activity is the education of the public in fine arts through the operation of the Timken Museum of Art located in Balboa Park in San Diego, California.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,741,030

Program Service Revenue $0

Investment Income $813,041

Other Revenue $170,825

TOTAL REVENUE $2,724,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,415,793

Fundraising Expenses $86,004

Program Expenses $2,573,473

Other Expenses $1,509,185

TOTAL EXPENSES $2,924,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,724,896	$1,932,243	+0.4%
Expenses	$2,924,978	$2,649,686	+0.1%
Net Income	$-200,082	$-717,443	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$268,402

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN POGUE	Executive Dir.	40.00	Officer	$225,984	$42,418	$268,402
DERRICK CARTWRIGHT	DIR OF CUR AFFAIRS	40.00		$167,095	$1,462	$168,557
HOLLY MARTIN-BOLLARD	DIR OF OPS	40.00		$104,065	$35,384	$139,449
JESSIE KNIGHT	Chair	2.00	Officer Director	$0	$0	$0
GARY CADY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PAM PALISOUL	Secretary	2.00	Officer Director	$0	$0	$0
PAUL HERING	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CATHE BURNHAM	Director	1.00	Director	$0	$0	$0
FRED KLEINBUB	Treasurer	2.00	Officer Director	$0	$0	$0
DAVID KINNEY	Director	1.00	Director	$0	$0	$0
CRAIG BROWN	Director	1.00	Director	$0	$0	$0
CECILIA LARROQUE	Director	1.00	Director	$0	$0	$0
BOB O'CONNELL	Director	1.00	Director	$0	$0	$0
HENK HANSELAAR	Director	1.00	Director	$0	$0	$0
KRISTIN TIMKEN	Director	1.00	Director	$0	$0	$0
ALEXI DAVIS	Director	1.00	Director	$0	$0	$0
MICHAEL COLLINS	Director	1.00	Director	$0	$0	$0
WILLIAM MOBLEY	Director	1.00	Director	$0	$0	$0
CHRISTIAN BUCKLEY	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,724,896	$2,924,978	$57,021,993	$-200,082
2024	$1,932,243	$2,649,686	$57,169,947	$-717,443
2023	$12,515,322	$2,504,678	$56,183,990	$10,010,644
2022	$2,026,658	$1,719,055	$48,070,078	$307,603
2021	$1,999,552	$1,534,398	$48,084,341	$465,154
2020	$9,446,482	$2,173,267	$42,386,685	$7,273,215
2019	$1,980,249	$2,199,592	$37,110,636	$-219,343

THE PUTNAM FOUNDATION DBA TIMKEN MUSEUM OF ART